All City & finance articles – Page 49
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NewsBoohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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NewsCurrys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
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NewsQuiz sales rise as shoppers snap up occasionwear
Fashion retailer Quiz has reported a strong sales increase over Christmas when consumers bought party gear as they celebrated a festive period free of pandemic restrictions.
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NewsTHG reports record sales and acts to improve profitability
THG, the online group that owns a raft of health and beauty brands, has posted record annual sales of £2.25bn but warned on earnings.
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NewsMatalan lenders pledge £100m of new investment after seizing control
Matalan’s lenders have taken over the ownership of Matalan after a prolonged corporate battle with former chair and co-founder John Hargreaves.
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NewsMade.com to enter voluntary liquidation process
Made.com will be placed into members’ voluntary liquidation to formally wind up the company, a shareholder vote on the future of the company has concluded.
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NewsDFS reiterates profit guidance after strong start to the year
Furniture specialist DFS has reiterated its full-year profit guidance and hailed a strong start to winter trading, having spent much of last financial year struggling with low customer demand.
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AnalysisAnalysis: How retail confounded the doom and gloom to achieve a very merry Christmas
As soon as retailers’ Christmas updates started coming in, it was clear that something unexpected had happened – the festive season had been better than anticipated for many
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NewsPepco sales soar off the back of ‘very successful Christmas’
Poundland parent company Pepco has reported a boost in sales in the lead-up to Christmas and said it expects “another year of consistent performance” in 2023.
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NewsProCook confident of recovery despite challenging Christmas period
ProCook has said it is confident its performance will improve despite reporting falling revenues over a Christmas period hampered by challenging trading conditions.
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NewsTesco wins Christmas sales boost and holds profit outlook
Tesco has reported an uplift in sales over the Christmas period and stuck to its full-year profit guidance.
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NewsMarks & Spencer posts ‘strong Christmas growth’ as food and fashion sales climb
Marks & Spencer has reported that its food business “outperformed” over Christmas and it saw “outstanding” results in clothing and home.
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NewsTopps Tiles delivers strong Christmas performance as trade sales rise
Topps Tiles has posted robust Christmas trading results, thanks to a boost in sales from trade professionals.
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NewsSainsbury’s defies inflationary gloom to deliver ‘best possible Christmas’
Sainsbury’s has raised full-year profit expectations after reporting a jump in sales across its core grocery and Argos businesses during the festive period.
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NewsJD Sports upgrades profit expectations as Christmas sales soar
JD Sports said it expects full-year profits to come in at the very top end of expectations after its sales doubled over the Christmas period.
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NewsMajestic toasts Christmas trading after winning record market share
Majestic Wine reported strong growth in sales over the festive season and achieved its highest-ever market share, despite fierce competition from the supermarkets.
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NewsThe Fragrance Shop confident for 2023 after record-breaking Christmas
The Fragrance Shop has said it enjoyed record-breaking festive trading both in-store and online, which both benefited from investment in its omnichannel strategy.
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NewsSofa-in-a-box brand Snug bought by ScS
ScS has snapped up digital-first sofa-in-a-box brand Snug for £875,000.
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NewsShoe Zone sales and profits rise after ‘very positive year’
Shoe Zone achieved a rise in revenues and earnings last year, when stores performed strongly.
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NewsDecember sales rise as Christmas brings some cheer for retailers
UK retail sales rose in December 2022 but the uptick masked a drop in volumes due to inflation running at historically high levels, the latest BRC-KPMG Retail Sales Monitor has found.